Bearish flow noted in Baxter with 14,819 puts trading, or 13x expected. Most active are May-23 42.5 calls and 3/10 weekly 34 puts, with total volume in those strikes near 8,600 contracts. The Put/Call Ratio is 1.58, while ATM IV is up over 1 point on the day. Earnings are expected on February 9th.
Published first on TheFly
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